Acquisition of new it/ modifying existing ones -> improves efficiency and gain competitive advantage. Acquisition: more than building new systems in house, hardware and software. It"s more to do with decisions about it tasks being performed in-house or outsourced to an outsider. Projects: short term efforts to create a specific business-related outcome (product/service). e. g. home depot. I s project management: directed effort to plan, organize, and manage resources to bring about the successful achievement of specific is goals. 3 factors / triple constraints of project management: time, cost and scope. Time: opportunity that has a time limit within which it would benefit the organization. Cost: resources required for completion needs to be paid for to obtain benefit. Scope: processes that ensure that project includes all the work required and only the work required to complete the project successfully. Effective security of data and programs is needed to prevent unauthorized changes or access to programs and data.